If you have looked at property in the last year or two you will have noticed how often properties go to a ‘closing date’ and are sold for in excess of the Home Report Valuation. You may not be in a position to pay over the HR valuation as you don’t have the deposit or you simply don’t want to go too far over the valuation to secure a property.
While most properties in the Edinburgh area are sold at closing dates and are sold within in a week or two of going onto the market, there are still properties on the market which are either available at fixed price or have been on the market for a number of months. As a generalisation the longer the property has been on the market the less chance of a closing date being set, therefore giving the buyer potential scope for negotiation.
Just because a property has been on the market for a while or it is listed as fixed price does not mean that there is an issue with the property, a whole host of factors can come into play.
Below we have looked at properties that are either listed as fixed price or have been on the market for a few months.
Telford Grove – BTL sitting tenant – Under HR value of £200,000
Loaning Mills – fixed price £160,000
Broughton Road – fixed price – £15,000 under HR
Southouse Drive – offers over £155,000
Abbey Street – offers over £195,000
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